Everyone is chasing the conventional model. Smart capital is chasing the infrastructure underneath it. Don't chase the wrong dog. A breakdown of the 7 tiers of AI economics and where serious investors should be paying attention. There is a version of the AI investment story that gets told constantly. It involves foundation models, large language interfaces, AI-native apps, and the race to build the next Chatgpt. It's the wrong chase. Most AI startups being built right now w